The Lawrence D. Vitez Corporation (Rock Hill)

The Lawrence D. Vitez Corporation is a large advisory firm based in Rock Hill. It manages $190.22 million of regulatory assets for 340 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of North Carolina and South Carolina.

The Lawrence D. Vitez Corporation provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Lawrence D. Vitez Corporation: assets under management

The assets under management (AUM) of The Lawrence D. Vitez Corporation is $190.22 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is state and local bonds, which make up 5% of the firm’s portfolio. Investments in government bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Lawrence D. Vitez Corporation for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lawrence David Vitez serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lawrence David Vitez is high net worth individuals with 200 clients and $114.13 million of assets under management. Among the 6 most similar advisory firms, The Lawrence D. Vitez Corporation has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $190.22 million for 340 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

The Lawrence D. Vitez Corporation doesn't advise any private funds.

Careers at The Lawrence D. Vitez Corporation

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lawrence David Vitez	President/chief compliance officer	1 Jan 1991	75% - 100%	2120461
Lawrence David Vitez	President	1 Jan 1999	75% - 100%	2120461

Based in Rock Hill

The principal office where The Lawrence D. Vitez Corporation performs its advisory services is located at 596 Herrons Ferry Road, Rock Hill, SC 29730 The mailing address of the firm is 596 Herrons Ferry Road, Rock Hill, SC 29730. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 803-324-7100 or by fax 803-324-7165. The normal business hours are 9:00 - 4:00 on Monday - Friday.